MS Industrie AG: Successful Year 2023

München (pta012/05.02.2024/10:00) - Based on the preliminary sales figures for the financial year 2023, the Management Board once again confirms its last guidance of EUR 250 million. As a result, business development in 2023 was extremely dynamic, with overall growth of around +21% compared to the previous year, and affected both business segments of MS Industrie AG ("MS XTEC" and "MS Ultrasonic") equally.

In 2023, MS Ultrasonic (i.e. MS Ultraschall Technologie GmbH, Spaichingen) was recognized as a global market leader from Germany in its sector by WirtschaftsWoche, a leading German business magazine.

"We are pleased that we relied on this innovative technology of welding with ultrasonic energy. Among other things, we develop and produce machines that are able to weld recyclable packaging in the food sector. However, our technology has also found its way into the hygiene sector or hospitals. MS Industrie AG invested in the research and development of the business area at an early stage. That is why we are very proud to receive this award for our commitment," says Armin Distel, member of the Management Board of MS Industrie AG.

Even though the MS XTEC business unit will continue to reduce its dependence on the automotive sector, it can be said in connection with the discussion about combustion engines in Germany and thus also throughout Europe: Heavy combustion engines can hardly be replaced for the transport of goods over long distances by road. The sudden end of subsidies for electric cars will probably result in a backward movement towards more efficient combustion engines. The "car pope" Ferdinand Dudenhöfer predicts that even passenger car manufacturers will increasingly rely on the combustion engine again for cost reasons and will advertise it.

Dr. Andreas Aufschnaiter, member of the Management Board of MS Industrie AG: "We see that combustion engines are indispensable in the heavy-duty segment today due to their efficiency, and we are constantly developing our machine parts for major automotive manufacturers with whom we have long-term contracts. We are talking about engines that are also suitable for operation with hydrogen or synthetic fuels in the future."

Background:

MS Industrie AG (WKN 585518; ISIN DE0005855183), headquartered in Munich, is the listed parent company of a focused technology group with the two business areas drive technology ("MS XTEC": systems and components for heavy-duty combustion engines and hybrid or electrical drive solutions) and ultrasonic technology ("MS Ultrasonic": special machines, standard machines and ultrasonic systems and components). Key customer industries include the global commercial vehicle and passenger car industry, followed by the packaging machine industry, the medical and other plastic processing industries as well as the general mechanical and plant engineering industry. The Group presently generates annual sales of over EUR 250 million with over 800 fixed employees at five production sites, two of which are in Germany and one each in the USA, Brazil and China.

Press Contact :
BeckerBeratungsGesellschaft (BBG)
Neustr. 23
55296 Gau-Bischofsheim / Mainz
Klaus-Karl Becker
+49 (0) 172 61 41 955
kkb@b-bg.de

Disclaimer:

The publisher of this document is MS Industrie AG based in Munich. Although the information in this document comes from sources that MS Industrie AG considers reliable, no guarantee can be given for the correctness of the information in this document. This document does not constitute a prospectus and is also not suitable as a basis for evaluating the securities presented in the document. Estimates and opinions contained in this document represent the assessment of MS Industrie AG at the time the document was created and are subject to change at any time without prior notice. MS Industrie AG and/or its affiliated companies may from time to time hold positions in the securities referred to in this document or in options, futures and other derivatives based thereon, may provide other services (including those as advisors) to each company named in this document, provide or have provided and may (to the extent permitted by law) have used the information contained herein or the research on which it is based prior to its publication. Any kind of advisory relationship between MS Industrie AG and the recipient of this document is not established by the provision of this document. Each recipient must conduct its own research and take precautions to check the profitability and reasonableness of an investment decision, taking into account its personal and economic interests. MS Industrie AG is not liable for the consequences of trusting in opinions or statements in this document, nor for the incompleteness of the same. Any citizen of the United States of America who receives this document and wishes to transact in securities referred to herein is required to do so through a US-licensed broker.

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